In a move straight out of a fintech fanโs dream ๐, Laos and China just inked a deal to supercharge their digital finance collaboration! The Bank of the Lao PDR Governor Bounleua Sinxayvoravong and People's Bank of China Governor Pan Gongsheng signed a historic pact at the 2024 Boao Forum for Asia, focusing on digital payments and Central Bank Digital Currency (CBDC) cooperation. Think of it like Venmo for nations, but with blockchain-level impact ๐ก.
Sinxayvoravong told CGTNโs Guan Xin that this partnership is key to unlocking regional economic integration. ๐ With Southeast Asiaโs digital economy exploding (weโre talking K-pop levels of hype), this MoU could speed up cross-border transactions and make trade smoother than a TikTok dance trend.
Why care? If youโre into crypto, startups, or just love seeing tech reshape economies, this is your front-row seat. Plus, itโs a win for ASEANโs vision of a connected financial future. ๐ผ๐ฒ
Reference(s):
Lao central bank supports regional economic & financial integration
cgtn.com